Car sales up 23 per cent in festive season
09 November 2012
Diwali euphoria had led car makers to move 23 per cent more vehicles to dealerships in October this year as against the same month last year, which made October the fastest growing month for car sales in the last 22 months. However, whether the euphoria would translate into actual sales remained to be seen.
According to analysts, a part of the rise in dispatches would be due to demand for diesel vehicles rising exponentially for some car brands. The data released by the Society of Indian Automobile Manufacturers (SIAM), showed 172,549 cars were dispatched last month against 140,105 in October 2011.
There was also significant month-on-month increase in dispatches since September, with car dispatches standing at 157,536 units, a de-growth year on year.
The same excitement was in evidence in two-wheeler dispatches also with 12,85,015 units (11,44,716 units) dispatched last month.
This also came on a month on month improvement since September dispatches stood at 10,69,069 units (12,27,662 units).
Sales of motorcycles was up 6.7 per cent to 936,122 vehicles (877,270 units) while truck and bus sales stood at 66,722 vehicles during the month, as against 62,013 a year earlier.